Financial regulation in the European Union 24 September 2009 has come the turn of the European Commission to propose the new model of financial supervision for the countries of the European Union. The U.S. Government had already presented his reform project which yesterday gave further details and that promises, in the European proposal, defending consumers, the big losers in the crisis. It seems that the European Commission wants greater interference in the financial monitoring of countries that make up the EU. The proposed new European supervisory model contemplates the creation of a European Council of systemic risks (CERS), which will be responsible for monitoring the stability of the financial system as a whole and issuing alerts and recommendations in case of detecting risks.
The CERS only warns, but measures to implement decision remains in the hands of national supervisors who must communicate the measures taken and, if you decide to not do so, shall give explanations. So good for the CERS It is that being a supranational body, it will not be so influenced by political pressures as it often happens. Caterpillar shines more light on the discussion. Probably until we find to the CERS sobreactuando, at least in its early years, since you must build a reputation before the society. I think also that one of the interesting themes revolves around the communication of alerts that an alternative is to make them public. This possibility has its positive aspects but it involves risks.
Make public the detection of certain risks in the financial system in any of the countries of the EU obliges national authorities to implement measures or at least having very good grounds to show that the situation is under control. Risk that runs through existing in lathe sensitivity to the diffusion of risks in financial systems that can generate instability in the same. While these topics are discussed, some have not lost time and it has begun to talk about potential candidates at the forefront of the CERS.
Common solutions for SAP users ‘On Demand’ in the focus of Neu-Isenburg, September 10, 2009. The ReadSoft GmbH and Freudenberg IT KG have agreed a cooperation. For SAP users, the manufacturer of the purchase-to-pay process optimization solutions and the SAP Integrationsdienstleister in the future want end-to-end solutions on demand”offer for optimised document processes. The two companies see their synergies in ReadSoft standard solutions and services provided by Freudenberg IT so to combine that users can concentrate on their actual core processes. The two partners announce a joint solution for the DMS Expo 2009 in Cologne. “A 30-year partnership with SAP and the status of Freudenberg IT as global hosting partner” SAP were the main reasons for the initiated cooperation for ReadSoft.
While many companies increasingly rely on shared services, the medium-sized businesses looking to outsource document processes to reliable service providers. Together with Freudenberg IT can we expand our portfolio and offer a customized solution for every need”, says Oliver Hoffman, Managing Director of ReadSoft. About ReadSoft GmbH: ReadSoft’s solution portfolio addresses the entire purchase-to-pay process from the order registration up to the payment of invoices. The process steps can be processed automatically and continuously the ReadSoft Suite modules. As added value and flexibility in the SAP solution platform is created for the user.
ReadSoft is leading provider of software in the field of automated document processes. Headquarters of the group is Sweden, where the company on the stock exchange is listed. Around the world, 435 people are employed at ReadSoft. In total, there are over 5,300 installations by ReadSoft solutions. In Germany, the ReadSoft GmbH is since 1996 on the market. ReadSoft’s customers include medium-sized companies as well as many large companies and corporations. Part of the document processes are processed in Shared service structures.
Full service Factoring: All services, such as call failure protection, accounts receivable management, Dunning and collection being the factor be applied here. In-house factoring: the entire accounts receivable management remains in the hands of the company. The factor assumes the financing and Delcrederefunktion (protection against loss of receivables). Cutting – / selective factoring: Economic a very sensible option for the entrepreneur. Here, set certain accounts receivable be excluded in advance from factoring.
This can E.g. discount paying customers with a debt sale ban (if a silent factoring is not feasible), customers who work according to VOB, or with deposits, retail, customers abroad, etc. FGM-AMOR has already p.a. a selective factoring factoring sales of 500 T. Reverse factoring: A factoring variant incorporating your (selected) suppliers. Not your customers, but your own vendor invoices (for suppliers) be bought here.
You get so long suppliers – payment (90-120 days) and refinance is typically about discount yields no additional cost or even with a financial income. Their suppliers must agree to a reverse factoring, however. You should not fall below an annual turnover of 10 million and a goods use of 3.0 million. Factoring is generally reverse the cheaper variant of the classic purchase financing. VOB – factoring: A special version of FGM/c, where also craft businesses in the construction industry despite bills can be brought up to 2.5 million in the factoring to VOB, and partial payments with a turnover. Stock financing: with some factoring banks of addition to the factoring. You will receive a credit line (analog current account) betw. 40 – 60% of their stock (purchase price). Interesting, since the loan discharge / financing amount is usually significantly above a usual Bank. Interest costs including KK-level or significantly. From a stock of at least 2 million. Limit – test: all accounts receivable, whose Rechnungen should be purchased, are tested with regard to re-insurance ability of the factor (demand failure protection) with regard to the creditworthiness.